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probably blaming republicans for it, what is the rush for obama right now to do a deal? >> reporter: that is the suspicion that's shared by a lot of republicans taking it, steve, as almost an article of faith of three weeks, a month, that the president actually wants to go over the cliff and i'm not sure if that's true. i have no way of knowing if that's true. i kind of doubt it. if you look at it, the republicans lose a lot of leverage. they have painted themselves in to this corner. there's no denying that fact. john boehner obviously we know what happened last week. sifting through the wreckage of the plan "b." gone back to plan "a," a bill passed by the congress and extending tax cuts for everyone and sent to the senate. they don't expect the senate to take that. use that as a legislative vehicle and what's today? saturday. new year's eve is -- sorry. today's friday. too much holiday cheer. but come on. i mean -- >> he will be working the weekend. >> reporter: i am. oh my god. i don't want to get started on that. but anyway, you know, there's a lot at stake here. and, you know,
obama out right now. everybody's always known two things about the cliff. you're almost certainly going to get more taxes in a deal after you go over than in a deal before you go over it. that's because after you go over the cliff, taxes already go up for everybody. so anything you do, any reasonable deal congress reaches, it will be a big tax cut. but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the las
a right to know, president obama are you going so solve the 92% or 93% of the deficit. what is it that you talked about on the campaign trail? >> sean: how can you help me he out or help the american people out. they don't know what taxes will be in a couple of days and now we are counting the hours. how is it possible the u.s. senate does not pass a spending bill which constitutionally they are supposed to pass in over three years, over 13 hyundais and then elect the house republicans that did their job? how do we get to that point in it this argument? seems a little strange. >> it is incredible. it is an absolute obligation. it would be a common sense obligation on the part of congress to have a budget even if it weren't required by law but it is required by law and yet the senate democrats have still refused to produce a budget. that is a big part of the reason that we are in the mess we are in. we don't go through the normal process of figuring out how much we will spend, establishing the guard rails, putting the limits on the size of deficit and figuring out how we will reform the big
president obama is right, that those making less than $250,000 should be protected. the republicans, of course, want to raise that level so there it will be some higher income categories that receive the same protection from tax increases. as part of a package, overall package, i'm following sit down and talk about that personally, only one element, the whole question mark tend is what's fair what will reduce the deficit, what's something we can live with as a nation? >> let's talk numbers. you talking about 400,000 dollars a year income level? maybe more? i know republicans are trying to get more than that. >> they are trying to create a larger class of people protected from increase in the income tax beyond the 2% that would have to pay for -- >> what but personally? what could you go for? >> i don't want to bargain with myself here around you can't do it in isolation. what you need look at is the entirely theny of things but got to be willing to give it you know? the nature of this whole process compromise, some things which beyond we can't go, period. >> when it comes to comprom
is right for you, the american people. now, number three, not once in the time has president obama demanded that the senate do their job. this is the height of irresponsibility. number four, the president's main focus has been to attack republicans again and again yet republicans they have done their job. they passed a bill months ago to avoid this fiscal cliff. now, that bill has been come meetly ignored by -- completely ignored by senate democrats and by the president. number five the worse part of all there is nothing here that the president is proprosing that deals with the real clear present danger that america now faces. reckless borrowing, reckless spending generational theft that brings america to the point of bankruptcy. the president has given the country over $6 trillion in new debt. trillion dollars deficits as far as the eye can see and all he wants to fight for is higher taxes that will fund a mere 8 and a half days of government. frankly nothing but a pathetic disgrace. you the american people deserve a government that lives within its means. you deserve a government that is
, everybody. >> all right, president obama speaking at the white house after an 11th-hour meeting with congressional leaders on the fiscal cliff. tom, you have been covering this pretty much every day. it looks to me like there are two big headlines here. one, still no deal and, two, he's talking about a bill being presented to the senate, an up- or-down vote that would prevent a tax hike for middle class americans, protect unemployment insurance and that is not all. >> make no mistake, that is a direct shot at the republicans, though. the president knows full well the senate is controlled by democrats. at what point you would be knocking that ball over to the house would be up to house republicans as to who they would be the last ones with up- or-down votes on this. >> more to come on this from you, tom, and our team of reporters on the news edge at 6. the 5 continues after this. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealers
. >>> president obama is arriving right now in washington, d.c., coming back from hawaii, trading his tropical vacation for the hard reality of the fiscal cliff negotiations. the president called all four congressional leaders last night in an effort to reach a deal, but did that call fall on deaf ears? jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north. the unfortunate thing are the words they're saying. i don't hear much compromise or kind of conciliation in the statements we've heard thus far. i do hear a lot of theatrics, you go first, no you go first. it's strange to say the democrats haven't put forth any legislation on this, because in fact they have. i
to repeal a bad law will help that from happening again. we can do better, obama is right. but we must understand the institutions that caused the problem and the problems. host: a tweet -- how do we strike a balance? you cannot just have homes. you have to have schools and sewer systems and other infrastructure to support the homes. and still need farmland. guest: more than a third of the country's farmland. we have a billion acres of farmland. we only grow crops on 400 million acres of it. about 40% of all of our farmlands. so there's lots of farmland. there's a huge surplus of farm land. we grow a crop surpluses can export that every year. there's no shortage of farms. " there's a shortage of of, especially in places like california, where 95% of the people are confined to about 5% of the state because of urban growth boundaries, is a shortage of places to build homes. when you drive on in the interstate freeway, you might see a lot of urban sprawl. if you get off the interstate, and we have a tremendous amount of open space and forests and farms in this country, they're not in shor
can't do their jobs. thank you very much, everybody. >> all right, president obama making a statement there, live from the white house. he said the hour for immediate action is here. he also said that he had a productive meeting earlier today with the senate leadership, harry reid and the republican leader mitch mcconnell. he said he's hopeful that the two of them can work out some kind of plan that can pass the house and senate in a bipartisan way. he didn't give any details on what sort of plan but if they can't work out a deal he's got a doomsday scenario. >> he said if they couldn't reach a deal he is going to urge senator reid to bring a basic bill to the senate for a basics up and down vote of senators. that package, mr. obama said, would prevent taxes from going up for middle-class americans and would preserve unemployment insurance for those americans who need it. >> he also urged the lawmakers to let that package come to a vote, which has been an issue many times. we are going to take a break and be back in just a minute.
and he's seated leadershceded leade. why? >> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures continue to trade a
chances to get things done down the road and president obama i think is in a very powerful position right now. he has some leverage but i think in the interest of the country and the interest of getting things done for the rest of his term he should be mindful of not overplaying his hand here. he has a good sound-bite, raise taxes on the wealthy from his perspective but hasn't given the republicans the good sound bite they need to do the deal. >> governor, you've been out there making quite consistently we should go over the fiscal cliff. >> i think we're having a conversation about the short term and politics in washington which is pretty much been going on in the media since the election. but long term we have to worry about the deficit. this is a good deficit. solid deficit reduction proposal. my great fear is they will make a deal and simply kick the can down the road and i think that may happen. it would be too bad. the right deal is to really take a big bite out of the deficit. go back to the clinton tax rates and make some significant cuts and you cut the defense department which h
right, t.j., president obama has been talking about this back-up plan. he's using the power of his bully pulpit to pressure congress to get something done. the basic message is, if they can't come up with a compromise, which is what leaders reid and mcconnell are working on now, they should at least put his proposal up for a vote. his proposal would include a number of things including extended the bush era tax cuts letting the tax cuts expire for the wealthiest americans. that is a big sticking point for americans. also extending on unemployment. here is what president obama had to say on that point on "meet the press." take a listen. >> i was modestly optimistic yesterday but we don't yet see an agreement. now the pressure is on congress to produce. if they don't, what i have said is that in the senate, we should go ahead and introduce legislation that would make sure middle class taxes stay where they are. there should be an up and down vote. everybody should have the right to vote on it. if republicans don't like it, vote no. i think there's a majority support to make sure they are h
the scenes, but as for publicly right now, melis melissa, the white house is not talking. president obama is basically launching this public campaign to pressure republicans. president obama came out on friday and urged them to get behind his plans. again today he sat down with david gregory, of course, during that exclusive interview on "meet the press" and urged republicans to act saying that it appears all they are interested in is protecting taxes for wealthy americans. republicans, by the way, lashed out at those comments saying the president seems more interested in placing blame instead of actually leading, but that at this point in time seems to be president obama's strategy to some extent, publicly pressuring republicans to act and to move on these negotiations. so that is where this stands right now. the white house monitoring everything that's going on the hill quite closely, but i can tell you, melissa, that there is a sense of optimism that is waning here at the white house. you can sense that when you talk to the officials here. >> well, the eternal optimist. vice president
may end up compromising? >> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income over 250 you pay a little more in the new rates he's proposing. now, he's been willing -- it's been reported that he's gone as high as 400,000 in the negotiations with boehner. so that's a place for agreement. the other place is the estate tax. the estate tax is scheduled to rise by quite a bit at the stroke of midnight tomorrow night. republicans want to keep it low, democrats want it to go up a little bit. there's room for compromise there. and so, you know, it's not just marginal rates that are going up, there's a series of taxes that they're going to change. the thing that could not be settled today was this change cpi. essentially a benefit cut for social security recipients. that led to a breakdown in negotiations today, because republicans wanted those benefit cuts to social security. and democrats said no way. and that was the sticking point and that's when this thing moved from the senate over to
. how important a moment right now is this going to be a test for president obama? >> i think it's a very big moment and sets the tone for a second term. he thinks he has the public behind him and campaigned on these issues and won. the problem is, individual members of the house who outpolled him in their districts don't share that view, so i think the stakes are very high for him, and he has got to deliver something too and he knows it and that's why he's back here and that's why maybe something will happen in the next 24 hours. >> you've seen the polls, governor pawlenty, by a large margin people right now are blaming republicans for this mess and have made it clear that if we go over the fiscal cliff, it's going to be republicans that will pay the price. >> well, the polls, of course, are a reflection of a moment in time but, you know, i had some of these issues in minnesota. i had the first government shutdown in the history of my state and learned some things, jonathan. you have to have leverage in a negotiation, two, you can overplay your hand. if you corner one group so c
$60 each. >>> when we come right back, a dog is shot during a burglary in virginia. now there's a rescue mission to save a life. >>> and we continue to monitor the white house tonight. here's a live picture. president obama is expected to come out and give a statement in just a few minutes, possibly >>> a rescue mission is on tonight to help a guard dog. breezy is a 5-year-old american pitbull. she guards a boat-yard in virginia beach. this morning burglars shot her twice and left her there as he loaded up boats on trailers to steal them. nor fox animal control took her to a local vet for emergency surgery to remove the bullets. police are investigating. they hope the surveyian video will help they will find thousands burglars. >>> an animal rights group settled a lawsuit with ringly brothers after accusing them of abusing elephants. word of the settlement came today from field entertainment. the circus sued accusing the animal rights group of conspiracy to hurt its business. >>> coming up, the real impact of going over the fiscal cliff, how it will affect your paycheck right
tenuous recovery right now. >> this could have a major impact. president obama would be loathed to go against the unions but he might have to do that if it has serious negative impact on the economy. >> charles? >> what is astonishing is how small a number people involved here. less than 15,000 for all the ports. you showed on the map. the east coast and the gulf coast. in the '60s, there were ten times as many. today you are working with a ten of the force. testament to automation. and to container of revolution. in the 1960s, new york and new jersey twice as many long shoreman as you have on the east coast. gulf coast. i think it's amazing that you would have had that small number of people who could have had that huge an impact on the economy. i think it will likely end up being settled. it's a testament to how well we have done with the productivity in 50 years. >> number two now. in russian. vladimir putin signed a bill today that been as americans from adopting russian children. what is this about? >> response to the magninsky act won by americabe by congress signed by the presi
as retaliation for an act signed by president obama that restricts human rights abusers from traveling into the u.s. >>> two military officials tell cnn the syrian government is now using more accurate iranian-made missiles. this week the sources say the regime fired at least two of those short-range ballistic missiles in an attempt to hit syrian targets more accurately. the use of these weapons has prompted nato to send patriot missile systems to protect turkey. they're expected to be in place by the end of january. >>> a 24-year-old woman has been arrested in connection with the gunman who ambushed and killed two firefighters when called to a house fire in upstate new york. police announced today she purchased the rifle and shotgun used in the christmas eve attack. she told the gun shop she would be the true owner but she purchased the guns for aex con -- a convicted felon, who was not allowed to legally possess guns. >> tonight since january there have been more people murdered on the streets of chicago than american soldiers killed in afghanistan. in chicago, homicides are up 17% and shooting
. and the last thing president obama wants is something that will stop what looks like a reasonably steady economic growth that we're having right now. this coming year could be a very good year for us if we don't let all this political nonsense get in the way. >> it's hard to imagine how it doesn't. you look at the record, and we talked about it, of this congress. fewer bills passed of any since they've been keeping records. 219, the previous he was 313 bills that got through congress. and a lot of them are basically, you know, naming a post office. and at the same time, it sounds like, tell me if you think something else is going on, this is going to be the narrowest of possible deals. tax rates are going to stay the same for people making 250, 400 or maybe $500,000 a year or less. and then all the other stuff is going to have to -- entitlements are going to be put off until 2013. the debt ceiling is looming there for 2013. i like your optimism, but i just don't know. >> you had my friend, tom mann on earlier. i think it's very important that what you had happen in the house is the most
much. all right. that was president barack obama speaking on what he says is an insight deal on the fiscal cliff but not a final deal. a lot of cheering. felt like a campaign-ish rally. we're not just doing on the spending side anymore but clearly an obama optimistic about this deal. its chances and what it means for the white house. that does it for this edition of "andrea mitchell reports." happy new year, everyone. "news nation" is next. >>> hello there, i'm t.j. holmes. president obama speaking just moments ago and putting the pressure on. with just ten hours until the country goes over that fiscal cliff, the president announcing that agreement to prevent tax hikes for all americans is in sight. but there is no deal just yet. >> today it appears that an agreement to prevent this new year's tax
as retaliation for a law president obama signed that restricts russian human rights abusers from traveling to the u.s. >>> our fourth story "outfront" tonight, arming our school principals. a proposal by arizona attorney general tom horn to give guns to school principals is gaining some support. horn says school shootings like the one in newtown, county, could be prevented if a school employee were armed and trained to use a gun. at least 36 investigators and three sheriffs are now backing the proposal, including sheriff paul babu of arizona, who's written, "the nra is correct. we need a cop in every school. we have a people problem, not a gun problem." sheriff paul babeu is "outfront" tonight. thank you for joining us. >> thank you, john. >> sheriff, i understand the attractiveness of this proposal, an armed guard, a school member training with a weapon. but let's look at the facts, going back to columbine and virginia tech, columbine, they had two armed guards on the campus at the time, virginia tech had 34 armed guards. yet 13 killed in columbine, 32 at virginia tech. so the evidence, s
and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table seems to be that scaled-down proposal president obama suggested last fright. just to recap, extend tax cuts on household income under $250,000, that's 98% of americans. extend unemployment insurance. that's important. and likely extend the alternative minimum tax fix. but is this bared down plan something house republicans can really get behind? "outfront" tonight to answer that question, republican congressman tom mcclintock of california, a member of the house budget committee. mr. congressman, good to see you. could you back that scaled back plan to avoid going over the fiscal cliff? >> as i said all along, republicans don't want taxes to go up on anyone. if we have an impasse on january 1st, they go up on everyone. so at some point, i think that we republicans have got to realize that if we can't save everybody, we need to try to save as many people as possible. that's not advocating a tax increase. if a lifeguard sees ten people drowning off his
obama to take the podium at any moment to make comments on the fiscal cliff. joining us right now outside the white house is rich edson with a preview what we might hear from the president. anything leaking from the hill? >> well, adam, it is basically over the next 24 hours congressional leaders led by senate leaders, senate majority leader harry reid or senate minority leader mitch mcconnell will continue to work out a proposal from what the president laid out earlier today which as we reported earlier was essentially a smaller version of what the white house has wanted all along, only dealing with tax rates specifically, keeping taxes where they are for families earning less than $250,000 a year, and an extension of unemployment benefits. now it goes back to senate leaders. over the next 24 hours they will try to craft a proposal that can pass both houses of congress. the senate will not be in tomorrow. so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and senate, you're
is going to get the blame for this? >> well, that remains to be en, right? we saw -- we see president obama playing this game where he is not really taking position and blaming it on the speaker. the republicans of doing the same. at think what needs to happen is delayed another month and not try to stop something to get the last minute, even though they are the reason that it is the last minute. tom: they keep taking things down the road. thank you both very much. >> thank you. tom: coming up, forget the fiscal cliff. you are also facing the dairy cliff. yes. if congress does not move fast, you're going to get note that the supermarket, a you're going to pay a lot more for that milk and cheese . hurricanes and the victims need help. washington is using the storm to pay for things like alaskan fisheries and new cars for bureaucrats. this one is going to drive you nuts. ♪ it was the biggest race of the year, and no matteoqat, i was gonna win. someti[js...things happen you just canoi explain. )a ♪ oh, i believe there e angels among us... ♪r> and some things ar more importanthan winnin
. leadership returned to the hill right now and basically what we've got from the start of this meeting according to a senior administration official president obama began by offering essentially what he laid out in a speech a week ago which is to keep taxes where they are for families earning less than $250,000 a year and to extend long-term unemployment insurance benefits that is basically just a small slice of what the president had been proposing for quite some time. the administration official also says that the president is putting it on republicans to come up with a counteroffer that they say can pass the house and the senate. if not, the president said, he wants an up-or-down vote on his proposal in the house or the senate. so congressional leaders left here. other than house minority leader nancy pelosi i'm now hearing senate majority leader harry reid has joined her in making comments back at capitol hill. we'll let you know what they say as soon as that is transmitted to us. there are other directed comments they made little progress something they have been saying after the
's right. according to a senior official, president obama has been kept up to date on the condition of former president bush. he is recovering. he spent christmas in the hospital. doctors kept him there after concern that his fever was increasing. now, the senior administration officials won't confirm who's updating president obama. karen, it's not unusual for a sitting president to be kept in the loop when this type of situation arouss. when a former president is ill. so we are being told he has been kept in the loop. and of course the entire white house watching quite closely and everyone hoping he makes a full recovery soon. doctors have said they are cautiously optimistic. that former president bush will recover. so everyone with the white house sharing that opinion. >> and our prayers are with him as i'm sure the president's are. so kristen, just switching gears here. there's been no action on the fiscal cliff in the last few days. you've got the president coming back. you've got boehner and the house saying we're not coming back and basically it's all on the president. here's
. seinfeld. >> seinfeld. >> all right. president obama meets with top congressional leaders this afternoon with time running out to avoid the cliff. the house will be back in session on sunday to try to deal with the issue. we haven't had enough time, you know, two years. when is the last time we had a budget? >> harry reid was just -- wasn't he great yesterday talking about mitch mcconnell and the republicans? no budget. >> and more than 14,000 longshoremen could go on strike this weekend because of a contract dispute. a walkout would close cargo ports. some estimates say a strike could cost the economy $1 billion a day. which would add up. it would kind of counteract the 85 billion. but bernanke is doing 2 billion a day, right? >> more. >> 2.5, yeah. so that would take away -- we could easily rachet it up. unless the printing presses overheat at that point. let's check on the markets this morning. the futures were indicated lower based on angst. there it is worse. it was down 40 earlier, not out 62. they were down 150 at one point. came back down to 18. we're somewhere. >> between there.
there right now. president obama says he's modestly optimistic about the prospects for a deal after meeting with top political leaders. and now it's up to the senate to come up with and agree upon a plan. senate majority leader harry reid and mitch mcconnell say they are hoping to have a plan ready for a vote when both houses reconvene on sunday. >>> in michigan, republican governor rick snyder signed a new abortion law for his state. the controversial measure requires any clinic that performs more than 120 abortions a year to become a quote licensed free standing surgical outpatient facility. it also takes steps to ensure pregnant women are not being coerced into a decision and includes rules that a physician must follow to, quote, properly and respectfully dispose of fetal remains. supporters say the bill protects the patients. critics argue it will force clinics to shut down and restrict access for women. >>> a tail of two cities as chicago's homicide rate increases topping 500 murders in the year, by the way. new york city's on pace for the lowest murder rate since 1963. that is when th
as the dynamic that's going on right now? >> well, let's put it like this. after the election, and barack obama won re-election pretty handily, as it turned out, after the republicans threw everything they had at him, after mcconnell said his top priority, as barney frank mentioned a few moments ago was to make barack obama a one-term president, wasn't to fix the economy, it was to make barack obama a one-term president, obama took all of that, he won. there was a sense in washington, among some people, i guess, i would call them sort of naive people, that the republicans might have learned something from that and might come to the table. but i'm afraid that, chris, they've learned precisely the opposite, that they're just going to double down in their opposition and that's what we're seeing so far with the failure to have a resolution to these fiscal cliff negotiations. john boehner -- >> but mitch mcconnell did reach ute to the president. do you see that as posturing, we're doing our best, or do you think the republicans are serious and feeling pressure about making a deal? >> i don't think t
the fiscal cliff. right now, the leaders of the house and senate are sitting down with president obama in a search for an 11th hour deal to prevent severe tax hikes and spending cuts from automatically kicking in with the new year. cnn's chief white house correspondent jessica yellin is getting new details. jess can ka, what are you hearing about that meeting? >> reporter: candy, the president is going to explain or reiterate the position he took on friday, that he would like a plan that extends tax rates for people who make $250,000 and below but raises them for those who make more than that. that it extends unemployment benefits for americans. and if the president, i'm told will say if he does not get an agreement to that plan, he will ask the other leaders what they can agree to, what what they would like instead. if they cannot come up with a proposal that will pass the house and the senate, will ask for a vote on his measure. but that meeting, candy, is still going on. congre congressional leaders arrived at the white house for a last-ditch meeting just days before a new year's de
on entitlement reform on spending cuts. >> well, that's right. president obama believed and the democrats believe they have a mandate after the election. now, a mandate, you know, depends what you call a mandate. the election was not really close, but it wasn't also a grand slam for the democrats either. so there's a real difference in who -- what the mandate is here. and democrats don't feel they need to compromise. i think they think if we go over the fiscal cliff, they will have even stronger negotiating power. that remains to be seen because oftentimes when taxes go up and there is something that hits the economy really hard and puts it into a tailspin, it's the president who takes the blame. so i think even the president is wondering who's going to foot the blame for this one. but at this point i think the democrats feel they have the upper hand at this moment. if they hold tight, they will force the republicans to capitulate. i don't see that happening. i think both sides are really going to have to give in before we get a final deal. jon: so we'll have to see, you know, which side wins the
the government, democrats and liberals, obama, or anybody who has the right to decide when another american is wealthy? in the constitution, it is said that we have the ability to pursue life, liberty, and the pursuit of happiness. all this bickering is restricting and punishing achievement. i make next to nothing because of my past. i did my time. i do not care what they do. personally, i hope nothing happens, because i know the game. right before the deadline hits, they will pass something. i have been watching this for enough years to see that they will pass it. it will pass something because they have to play this game. host: charles from maryland, thank you for the call. trawls brings up a rebel. he will be on meat -- "meet the press" this morning. the highlight will be president obama on nbc's "meet the press." on abc this morning, senator chuck schumer. along with jon kyl of arizona. on cbs, dick durbin and tom coburn, the republican from oklahoma. fox news this morning, on fox news sunday, senator lindsey graham, the republican from south carolina, on what senator dianne feinstein,
taxes from 35% up to 43.6% because you have to add both the obama care tax that's coming and the tax -- the disappearing bush tax increase. >> right. >> and this hits primarily, as you know, small business owners and people who file subchapter-s corporations. >> not primarily. it hits some of those people. >> well, over half of all the small business income that gets -- ends up paying this higher rate, if you do it, and the last time we did this, more than two-thirds of the people who got hit were the subchapter-s corporation. i think it would have a very significant effect. but mostly the other effect it has is that we're not cutting spending because we're spending too much money. and that sends a very bad signal. if we're not going to do entitlement reform, because every time we talk about it obama says, no, let's raise taxes instead, now we're dealing with tens of trillions of dollars of unfunded liabilities that were not -- for four years obama's done nothing on entitlement reform. nothing, nothing, nothing, for four years. a lot of golf. nothing on entitlement reform. what has h
down on tv, the bad debate fumbles. let me imitate president obama and won. >> exactly. >> you are right. you know what, he is never been a good debater. there was nothing terribly bad about that. >> it was bad. >> listen, i want you all to look back on youtube at mccain oba obama. he wasn't that good. >> he wasn't a five star recruit in the previous debates. but in that one, he got cut. that was bad. >> it made the campaign that much more interesting because it changed the dynamics. >> but it changed. >> the number three. fumble. >> so, mr. president, how do you handle promises that you have made when you are running for election and how do you handle it? i mean what do you say to people? do you just you know i know, people -- i thought make it was an excuse. what do you mean shout ut up? >> just the weirdness of that moment. >> if you expect a comment on that. >> i'm out. >> love it. >> i'm out. >> i was in the hall that night, i was sitting there going what is he talking about. >> me too. >> this is another thing. hollywood legends are always bad at giving speeches. >> they
at a time when over on the house side, you have so many republicans who are so far right and worry about farther right running against them in primary, that john boehner's plan last week. we don't know how much has changed since last week. but president obama sounded like he was saying something that he had been planning to say all along. >> it's almost like the white house is stepping out. i think we have some sound from mitch mcconnell talking about the next steps. let's see if we can run that out. >> we had a good meeting at the white house. we are engaged in discussions, if majority leader, myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. that i can make to my conference and the majority leader can make to his conference. >> i'm going to do everything that i can, i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with, this is going to be imperfect. and some people aren't going to like it. some people will like it less. but that's where we are. and i feel confident that we have
was coming from ghana, and agents noticed that her suitcase seemed quite heavy. >>> right now at 6:30, president obama says there needs to be immediate agents to avoid the fiscal cliff. the president held a news conference just before 6:00 this evening. he says he's optimistic an agreement can still be reached. this afternoon mr. obama said the meeting was good and constructive. >> the one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i've asked senator reid to do this, put a bill on the floor that makes sure taxes on middle-class families don't go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before
the fundamentals are right. all of the things the obama administration has done have been anti growth, whether energy policy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense and not be alarmist because they say what they are partisan, but congress read it paycheck, and they don't want to say congress is being irresponsible and thrusting the econ
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